Supreme Court to consider if polluting industries can go court-shopping October 21, 2024 The Supreme Court agreed to hear three cases Monday from industry groups seeking to choose how to fight federal environmental regulations, highlighting a long-running battle over efforts to pick conservative or liberal courts parties believe will be…
DOE’s No 2: Congress needs to move on permitting reform
DOE’s No 2: Congress needs to move on permitting reform 10/15/2024 Biden administration officials often tout their historic clean energy investments and how they’re creating real, long-lasting momentum in the fight against climate change. But one of those officials, Deputy Energy Secretary David Turk, also has a warning about that…
Michigan utilities criticized for handing out executive bonuses while outages persisted
Michigan utilities criticized for handing out executive bonuses while outages persisted Oct. 09, 2024 During the same years an independent audit of Michigan’s two largest electric utilities faulted them for below-average service and glacial outage restoration times compared to peers in the Midwest, the power companies paid out bonuses to…
Load Growth To Drive Earnings At American Electric Power
Load Growth To Drive Earnings At American Electric Power Oct. 07, 2024 American Electric Power Company (NASDAQ:AEP) is well positioned to outperform the market with a superior blend of growth and value. Incremental power demand in AEP’s markets creates a potentially decades long runway of above normal rate base growth,…
Lawmakers to hold hearing after hot summer pumps electricity bills
Lawmakers to hold hearing after hot summer pumps electricity bills September 30, 2024 New Jersey lawmakers are set to explore how high temperatures and spiking electricity prices have led to surges in South Jersey residents’ power bills. The Assembly Telecommunications Committee on Wednesday will hear testimony about summer power bills…
Governor Gianforte Celebrates Nearly $1 Billion Energy Investment in Montana
Governor Gianforte Celebrates Nearly $1 Billion Energy Investment in Montana September 20 2024 Governor Greg Gianforte yesterday cut the ribbon on NextEra Energy Resources’ Clearwater Wind Energy Center in Miles City and celebrated the company’s nearly $1 billion investment in Montana. “We’re ramping up energy production in Montana with our…
Renewables, cleantech sector will grow regardless of who wins the U.S. presidential election
Renewables, cleantech sector will grow regardless of who wins the U.S. presidential election Energize Weekly, September 18, 2024 The results of the U.S. presidential election – even if there is a victory by Donald Trump – will likely not derail growth in the renewable energy and cleantech sectors, according to…
Southern California Edison Seeks to Recover $1.6 Billion of Wildfire-Related Losses
Southern California Edison Seeks to Recover $1.6 Billion of Wildfire-Related Losses Aug. 29, 2024 Southern California Edison, a unit of utility Edison International, said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under…
Maine regulators will map out the next decade’s demands on the power grid
Maine regulators will map out the next decade’s demands on the power grid July 29, 2024 An initial 10-year plan by the state for guiding Maine’s electric utilities includes goals of improving the reliability and resilience of the power grid system in the face of climate change — while also…
How Chevron’s fall could remake the energy sector
How Chevron’s fall could remake the energy sector 07/01/2024 The Supreme Court’s decision Friday to give judges more authority over federal agencies creates new hurdles for the Biden administration as it seeks to promote low-carbon energy and address climate change. Forty years after the justices first decided Chevron v. NRDC,…
Casar leads 22 House Democrats in call for federal electric grid corridors in Texas
Casar leads 22 House Democrats in call for federal electric grid corridors in Texas 06/24/24 Rep. Greg Casar (D-Texas) on Monday led 22 members of Congress in requesting that the Department of Energy add Texas to the areas serviced by proposed federal corridors for electrical transmission. In May, the department…
Clean energy mandate for Vt. utilities becomes law after Democrats override veto
Clean energy mandate for Vt. utilities becomes law after Democrats override veto June 17, 2024 The biggest energy policy to come out of Montpelier this year is hitting home in concrete ways for two Vermont mothers who showed up to the Statehouse on Monday. The legislation requires all Vermont utilities…
City council rejects Power San Diego proposal
City council rejects Power San Diego proposal Jun 10, 2024 The push by a voter initiative to assume control of the power responsibilities of San Diego Gas & Electric collected over 30,000 signatures. This compelled the city council to deliberate on whether San Diego voters would have the opportunity to…
Entergy lights up $1.2 billion pension buyout with MetLife
Entergy lights up $1.2 billion pension buyout with MetLife May 28, 2024 Entergy Corp., New Orleans, entered into an agreement to purchase a group annuity contract from Metropolitan Life Insurance Co. to transfer nearly $1.2 billion in U.S. pension liabilities. The utility company signed the agreement May 23 to transfer…
Iberdrola to buy rest of US power firm Avangrid in $2.6 billion deal
Iberdrola to buy rest of US power firm Avangrid in $2.6 billion deal May 17, 2024 Spanish utility Iberdrola (IBE.MC), opens new tab has agreed to acquire the remaining 18.4% stake in Avangrid (AGR.N), opens new tab that it does not already own, the U.S. subsidiary said on Friday, in…
Duluth electric utility owner Allete sold for $6.2 billion
Duluth electric utility owner Allete sold for $6.2 billion May 6, 2024 A Canadian pension board and a New York-based investment firm have agreed to purchase Allete, the parent company of Duluth-based utility Minnesota Power, for $6.2 billion. The partnership paid $67 per share to acquire Allete and plans to…
States rethink data centers as ‘electricity hogs’ strain the grid
States rethink data centers as ‘electricity hogs’ strain the grid APRIL 30, 2024 State Sen. Norm Needleman championed the 2021 legislation designed to lure major data centers to Connecticut. The Democratic lawmaker hoped to better compete with nearby states, bring in a growing industry, and provide paychecks for workers tasked…
California reject bill to crackdown on how utilities spend customers’ money
California reject bill to crackdown on how utilities spend customers’ money April 22, 2024 California lawmakers on Monday rejected a proposal aimed at cracking down on how some of the nation’s largest utilities spend customers’ money. California’s investor-owned utilities can’t use money from customers to pay for things like advertising…
FirstEnergy gave $1 million to boost Ohio Lt. Gov. Jon Husted’s campaign before scandal, document shows
FirstEnergy gave $1 million to boost Ohio Lt. Gov. Jon Husted’s campaign before scandal, document shows April 10, 2024 A surge in FirstEnergy political spending ahead of the utility’s push to secure a legislative bailout for its nuclear power plants included a $1 million dark money contribution to support the…
Tri-State G&T faced with co-ops leaving and a stalled rate increase sees bond ratings drop
Tri-State G&T faced with co-ops leaving and a stalled rate increase sees bond ratings drop Energize Weekly, April 10, 2024 Facing the departure of four member cooperatives and the failure to get federal regulators to approve a rate increase, Tri-State Generation and Transmission Association bonds were downgraded by two rating…
DTE Energy partners with local suppliers to create 12,000 jobs, grow Michigan’s economy
DTE Energy partners with local suppliers to create 12,000 jobs, grow Michigan’s economy Mar 25, 2024 Ask Motor City Electric (MCE) Senior Vice President Dave Volkman about the basis for his company’s long-standing partnership with DTE and you’ll get an answer that goes far beyond maintaining and upgrading the electrical…
After being rebuffed by regulators, utilities file slimmed-down spending plans
After being rebuffed by regulators, utilities file slimmed-down spending plans March 18, 2024 State regulators are once again considering massive electric utility spending plans that would affect the state’s climate goals – and 5.4 million electric customers’ monthly bills – after rejecting previous versions late last year. The Illinois Commerce…
Lawmakers across the U.S., including in Md., seek to curb utility spending on politics, ads and more
Lawmakers across the U.S., including in Md., seek to curb utility spending on politics, ads and more March 5, 2024 After a string of scandals and amid rising bills, lawmakers in statehouses across the country, including in Maryland, have been pushing legislation to curb utilities spending ratepayer money on lobbying,…
US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire cost
US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire costs February 26, 2024 The U.S. government is threatening to sue PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, to recover nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern…
Red tape closes power plants before replacements ready
Red tape closes power plants before replacements ready Feb 2, 2024 Despite the key positions states like Ohio and Pennsylvania hold to solve future energy problems, shifting the power grid from coal and natural gas to wind and solar isn’t as easy as flipping a switch. A cadre of Pennsylvania…
Duke Energy to lay off employees as part of ‘clean energy transition’
Duke Energy to lay off employees as part of ‘clean energy transition’ Jan. 22, 2024 A Duke Energy spokesperson confirmed that the Charlotte-based utility company will be laying off employees as part of a “clean energy transition.” The company did not specify how many employees will be laid off, or…
After referendum, Maine advocates and lawmakers look to bolster utility accountability and performance
After referendum, Maine advocates and lawmakers look to bolster utility accountability and performance January 9, 2024 Following the defeat of a ballot measure that sought to replace Central Maine Power (CMP) and Versant with a consumer-owned power company, policymakers and advocates are looking to explore other ways of further regulating…
As Arkansas bows out of Entergy fight over Grand Gulf, Louisiana regulators dig in
As Arkansas bows out of Entergy fight over Grand Gulf, Louisiana regulators dig in Nov 26, 2023 Utility regulators in Mississippi and Arkansas have both settled a contentious fight over Entergy’s alleged mismanagement of its massive Grand Gulf nuclear plant, after Arkansas abruptly accepted an offer it had rejected a…
My Top 10 Takeaways from the EUCI Leadership Conference for Women in Energy
My Top 10 Takeaways from the EUCI Leadership Conference for Women in Energy November 15, 2023 Last week, I stepped into the EUCI Leadership Conference for Women in Energy and discovered a sisterhood of ambitious, barrier-breaking female leaders in the energy industry. Thanks to them, I returned to the PCI…
Duke Energy says sale of commercial solar and wind businesses signals a ‘new era’
Duke Energy says sale of commercial solar and wind businesses signals a ‘new era’ November 2, 2023 Duke Energy executives say the company is now in a “new era” after it sold off its two unregulated commercial renewable energy businesses last month. That leaves Charlotte-based Duke as a fully regulated…
Hawaiian Electric Industries Hires Utility Bankruptcy Expert As CFO
Hawaiian Electric Industries Hires Utility Bankruptcy Expert As CFO September 20, 2023 A utility dealmaker with experience in mergers, restructuring and bankruptcy will become chief financial officer for Hawaiian Electric Industries next month as HEI and its subsidiaries address legal, financial and political issues related to the deadly Maui wildfires.…
California Legislature approves plan allowing the state to buy power
California Legislature approves plan allowing the state to buy power September 14, 2023 The California Legislature voted Thursday to give Democratic Gov. Gavin Newsom’s administration permission to buy massive amounts of electricity, a move aimed at avoiding blackouts by shoring up the state’s power supply while jumpstarting the West Coast’s…
Florida raises eyebrows with decision on $377 million of crucial federal funding: ‘Negative implications for Florida residents’
Florida raises eyebrows with decision on $377 million of crucial federal funding: ‘Negative implications for Florida residents’ August 19, 2023 Last month, Florida Governor Ron DeSantis rejected $377 million in federal energy-efficiency funding despite the Sunshine State experiencing record-setting heat. Bloomberg reported the money included “hundreds of millions of dollars…
Hawaiian Electric shares plummet 40% after Maui wildfires lawsuit
Hawaiian Electric shares plummet 40% after Maui wildfires lawsuit August 15, 2023 Shares of Hawaiian Electric have plummeted nearly 40% since trading opened Monday over concerns that the utility company could be held liable for damage wrought by the Maui wildfires. A class-action lawsuit filed against Hawaiian Electric on Saturday…
Cyberattacks on the power grid are on the rise as utilities seeking security play catch-up
Cyberattacks on the power grid are on the rise as utilities seeking security play catch-up Energize Weekly, August 9, 2023 In the summer of 2022, the Colorado Springs Utilities alerted its customers that their data from its system had been hacked. Several months later, 2,000 wind turbines in Germany were…
U.S. energy sector employment rebounds after pandemic led by the oil and gas sector
U.S. energy sector employment rebounds after pandemic led by the oil and gas sector Energize Weekly, July 19, 2023 Energy sector jobs in the U.S. rebounded from the pandemic by 2022, outpacing national job growth. While clean energy jobs grew fastest overall, the lion’s share of new jobs was in…
Xcel Energy seeks $45M rate increase — down from $312M — amid consumer outrage over rising bills
Xcel Energy seeks $45M rate increase — down from $312M — amid consumer outrage over rising bills Jul 11, 2023 Xcel Energy filed a plan for a $312 million electricity rate increase last year, but as hearings on the bill hike open this week at the Colorado Public Utilities Commission…
Eversource working its way out of wind farm development ventures
Eversource working its way out of wind farm development ventures 5/30/23 Eversource has announced plans to sell its 50 percent stake in offshore wind lease areas totaling 175,000 square miles off the coast of Massachusetts for $625 million to its wind partner, Danish energy giant Orsted. Last May, Eversource CEO…
PPL Corp. advanced its commitment to ESG in 2022
PPL Corp. advanced its commitment to ESG in 2022 April 24, 2023 In its 2022 Sustainability Report, PPL Corp. gave an overview of its approach to a clean energy transition while outlining the company’s performance on the environment, social responsibility, and governance (ESG). “PPL is focused on excelling in safety,…
The United States Is Facing Electricity Famine
The United States Is Facing Electricity Famine Feb. 7, 2023 There are signs that we are heading towards an electricity famine; a life-threatening energy Holodomor throughout many areas of the United States caused by political decisions. The system is being set up to fail. This problem this time is not…
Judge dismisses lawsuit over TVA’s long-term deals
Judge dismisses lawsuit over TVA’s long-term deals Feb. 7, 2023 A federal judge has dismissed a lawsuit by environmental groups that challenged how the nation’s largest public utility signs up local power providers for two-decade contracts. A ruling by U.S. District Judge Thomas L. Parker in Memphis last week sided…
PUC approves electric market redesign in ‘big step for ERCOT’
PUC approves electric market redesign in ‘big step for ERCOT’ Jan 19, 2023 The Public Utility Commission of Texas on Thursday approved a redesign of the state’s electric market, recommending a new model they said will improve grid reliability, but critics said could pass more costs onto the consumer. The…
Puerto Rico to privatize power generation amid outages
Puerto Rico to privatize power generation amid outages January 15, 2023 Puerto Rico announced Sunday that it plans to privatize electricity generation, a first for a U.S. territory facing chronic power outages as it struggles to rebuild a crumbling electric grid. The move marks the beginning of the end for…
Winter Storm Elliott stressed regional electric grids across the U.S. in different ways
Winter Storm Elliott stressed regional electric grids across the U.S. in different ways Energize Weekly, January 18, 2023 Winter Storm Elliott, the bomb cyclone with freezing temperatures and blizzard conditions that swept across the U.S. east of the Rockies, sparked a wave of outages with its impacts varying from regional…
AEP Ohio asking for rate increase to boost system reliability after last summer’s storms
AEP Ohio asking for rate increase to boost system reliability after last summer’s storms Jan. 6, 2023 Several months after powerful storms whacked AEP Ohio’s transmission system and forced the power company to turn off electricity to some Columbus-area neighborhoods to avoid a larger power loss, AEP is now asking…
Pleasants Power Purchase Under Consideration in West Virginia PSC Order
Pleasants Power Purchase Under Consideration in West Virginia PSC Order JAN 3, 2023 An order from the West Virginia Public Service Commission last week approving rate increases for two power companies also included a provision for those companies to evaluate the possible purchase of the Pleasants Power plant. In an…
Energy efficiency investments jump in 2022 spurred by energy security concerns
Energy efficiency investments jump in 2022 spurred by energy security concerns Energize Weekly, December 28, 2022 Global investment in energy efficiency – from building renovations to public transport to electric vehicle infrastructure – increased 16 percent in 2022, reaching $560 billion as efficiency gains grew fourfold, according to the International…
PG&E wildfire and catastrophe proposal may trigger higher monthly bills
PG&E wildfire and catastrophe proposal may trigger higher monthly bills December 19, 2022 Higher monthly bills might jolt PG&E customers due to the utility’s request that state regulators allow the company to collect more revenue for its spending linked to wildfires and catastrophes. PG&E wants to recover costs that arose…
US FERC to act on backstop transmission siting, long-running gas pipeline disputes
US FERC to act on backstop transmission siting, long-running gas pipeline disputes 12 Dec 2022 The US Federal Energy Regulatory Commission is poised to act on transmission siting, key pipeline rate disputes, and two important natural gas pipeline certificates at its last meeting of the year Dec. 15, potentially Democrat…
Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says
Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says Energize Weekly, December 14, 2022 On-peak wholesale and retail electricity prices are set to rise across the country this winter, with some regional wholesale rates jumping as much as 60 percent compared to…
